What PT Ferro Construction does

PT Ferro Construction Co. is a third-generation, family-owned heavy civil construction contractor founded in 1964 in Joliet, Illinois. The firm provides an integrated portfolio of road and infrastructure construction services spanning hot mix asphalt production, paving, cold milling, concrete construction, bridges and structures, underground utilities (water, sewer, storm), horizontal directional boring, excavation, demolition, electrical, and landscape work. Its wholly-owned subsidiary, Ferro Asphalt, operates a Gencor 600 UltraPlant capable of 600 tons per hour of hot mix asphalt with 2,000 tons of silo storage, and produces multiple IDOT-approved mix designs that incorporate Reclaimed Asphalt Pavement (RAP) for cost and sustainability benefits. An on-site quality control laboratory and a modern paving fleet support both captive projects and third-party materials sales.

The company generates revenue through project-based competitive bidding, primarily as a prequalified Illinois Department of Transportation general contractor and as a prime contractor for Will County Division of Transportation and municipal clients (Joliet, Plainfield, New Lenox, Romeoville, Tinley Park, Morris, among others). Disclosed contract values include an $8.7 million 135th Street reconstruction and a $1.1 million Morris Municipal Airport runway extension, alongside private commercial work for developers and general contractors such as Alston Construction and Pulte. The GTM is sales-led and project-based, combining formal public-sector bid letting with direct private-sector relationships. The firm maintains a 0.73 EMR safety rating, well below the 1.0 industry average, and has earned repeated industry recognition including 2015 and 2017 Will County Project of the Year awards and the 2024 Asphalt Pavement Alliance Perpetual Pavement by Design Award.

Vertically integrated operations, multi-decade municipal relationships, and IDOT prequalification form the core competitive position. The firm is privately held with no disclosed funding rounds, parent company, or external institutional investors, and operates approximately 101–250 employees across its Joliet headquarters and Ferro Asphalt plant.

Name

PT Ferro Construction

Legal name

P.T. Ferro Construction Co.

Website

https://ptferro.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

101–250 employees

Short description

PT Ferro Construction is a third-generation, family-owned heavy civil contractor in Joliet, Illinois, providing road construction, paving, asphalt production, bridges, underground utilities, and excavation services to IDOT, Will County, and Chicagoland municipalities.

Ownership category

akta.pro rank

Headquarters

HQ city

Joliet

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Others

Revenue model

1. Public Infrastructure Construction Contracts: Project-based revenue from federal, state, and local government infrastructure contracts including roads, bridges, and utilities through competitive bidding with IDOT, Will County Division of Transportation, and municipal clients.
2. Private Commercial Construction: Revenue from private developers, businesses, and general contractors for site work, paving, concrete, and underground utilities on commercial and residential development projects.
3. Hot Mix Asphalt Materials Sales: Ferro Asphalt produces and sells hot mix asphalt materials to material purchase customers, not just internal use. Production capability of 600 tons per hour with 2,000 tons storage capacity.
4. Airport Construction Projects: Specialized runway and airport infrastructure construction services, including Morris Municipal Airport runway extension project.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

PT Ferro Construction provides integrated infrastructure construction services including hot mix asphalt production and paving, concrete construction, bridges and structures, underground utilities, excavation and demolition, and cold milling. The company owns and operates Ferro Asphalt, a Gencor 600 UltraPlant capable of 600 tons per hour with 2,000 tons of silo storage, and supplies IDOT-approved mix designs that include Reclaimed Asphalt Pavement (RAP) for reduced cost and environmental impact. Services are delivered as an IDOT prequalified general contractor to government agencies and private developers across Northeastern Illinois.

Product overview

PT Ferro Construction is a road construction and infrastructure company offering an integrated portfolio of construction services. The core offerings include Ferro Asphalt (their proprietary hot mix asphalt production plant), Concrete Services, Bridges & Structures, Underground Utilities, Excavation & Demolition, Cold Milling, and Paving Services. The company owns and operates their own asphalt materials plant (Ferro Asphalt) and state-of-the-art paving equipment, allowing them to provide end-to-end infrastructure solutions from asphalt production through final paving. Ferro Asphalt utilizes a Gencor 600 UltraPlant capable of 600 tons per hour production, incorporates Reclaimed Asphalt Pavement (RAP) in multiple mix designs, and maintains IDOT-approved mix formulations. The company serves Illinois Department of Transportation, local municipalities, and private developers across the Chicagoland area.

Differentiator

Problem solved

Functional benefit

Products and services

• Ferro Asphalt Hot mix asphalt production and paving services operated through the company's own Gencor 600 UltraPlant with 600 tons per hour production capability and 2,000 tons silo storage. Produces multiple IDOT-approved mix designs including High-Rap Binder, Base Course, Polymer Modified, and Slag Mixes using Reclaimed Asphalt Pavement (RAP). Serves both internal projects and external material purchase customers.
• Concrete Services Full-service concrete division offering concrete pavement construction, handcrafted concrete placement, reinforced concrete structures, sidewalks, curbs, gutters, aprons, joint sealing solutions, dolly pads, and expert saw cutting services for infrastructure projects.
• Bridges & Structures Bridge construction, structural rehabilitation, bridge maintenance, culverts and drainage structures, retaining walls, and specialty structures for connecting communities and supporting transportation infrastructure.
• Underground Utilities Installation and replacement of underground utilities including water mains, sanitary sewers, and storm sewers. Also offers horizontal directional boring services for trenchless utility installation.
• Excavation & Demolition Site development for commercial and industrial properties, excavation for major highway projects, infrastructure development for residential communities, site preparation and revitalization for retail complexes.
• Cold Milling Precision milling techniques for rejuvenating and enhancing existing pavement surfaces, including concrete milling, asphalt milling, planning, and rotomilling services to provide clean and level surfaces for overlay or recycling.
• Paving Services Professional asphalt paving services including aggregate bases and surfaces, roads for residential developments, public and private airports, municipal and private roads, highways and railroad structures, and parking lots for commercial and industrial sites.

Quantifiable outcome

• .73 EMR (Experience Modification Rate) for 2023-2024, indicating safety performance well below industry average of 1.0
• +3 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Village of PlainfieldcoreStrategic or Co-development Partner · 6 May 2024PT Ferro was awarded prime contractor role for the Old Town North Roadway Reconstruction project. Collaboration with Plainfield Public Works & Engineering Department and consulting engineer Baxter & Woodman, Inc. Project includes roadway reconstruction, underground utility replacement, new sidewalks, historic-style lighting, and streetscape improvements. The project was approved during the Village Board meeting on May 6, 2024.
• Will County Division of TransportationcoreStrategic or Co-development Partner · 1 January 2023Partnership on Cedar and Laraway Road intersection improvement project in New Lenox. Full intersection reconstruction transforming from three-lane rural to seven-lane corridor. The project earned the 2024 Perpetual Pavement by Design Award from Asphalt Pavement Alliance.
• Baxter & Woodman, Inc.coreImplementation/ SI/ Consulting PartnerVillage of Plainfield's consulting engineer providing oversight, technical expertise, and coordination on the Old Town North project. Ensured work met infrastructure standards and Village's long-term vision.
• Alston ConstructionminorChannel Partner/ Reseller/ DistributorGeneral contractor who has worked with PT Ferro on multiple construction projects, recommending them for upcoming projects based on completed work quality.

Scale indicators8 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• Granite Construction Incorporated: NYSE-listed national heavy civil contractor with vertically integrated construction materials and large-scale paving operations. Directly comparable to PT Ferro's road construction, asphalt production, and aggregate base business, but operating at significantly larger scale across multiple states.
• Primoris Services Corporation: Public infrastructure construction firm delivering utility, civil, and pipeline projects. Overlaps with PT Ferro's underground utilities, water main, and site preparation work, though Primoris operates nationally and across energy end markets.
• Tutor Perini Corporation: Large public heavy civil contractor building highways, bridges, tunnels, and transit infrastructure. Comparable segment overlap with PT Ferro's bridges, structures, and highway work, though at much larger scale and project size.
• Sterling Infrastructure Inc. Public heavy civil construction firm serving transportation, water, and infrastructure markets. Comparable to PT Ferro in transportation infrastructure, underground utilities, and concrete structures, though geographically diversified across the U.S.

Direct peers

• Construction Partners Inc. NASDAQ-listed civil infrastructure company focused on road construction and hot mix asphalt production across the Sun Belt. Closest public comparable to PT Ferro's vertically integrated road-paving-plus-asphalt-plant model, with similar customer profile of state DOTs and municipalities.

Regional players

• Plote Construction Inc. Illinois-headquartered heavy construction contractor also active in Chicagoland roadbuilding and asphalt production. Comparable regional peer competing for many of the same IDOT and municipal projects in the same territory.
• Builders Paving LLC: Midwest-based paving and site preparation contractor competing for municipal and commercial paving work. Comparable to PT Ferro in asphalt paving, site work, and concrete flatwork, with similar Illinois / Midwest footprint.

Others

• MYR Group Inc. Public specialty contractor delivering electrical construction and underground utility infrastructure. Adjacent to PT Ferro's underground utilities, horizontal directional boring, and electrical service lines on road projects.
• Martin Marietta Materials Inc. Large public aggregates producer supplying crushed stone, sand, and gravel to construction and paving customers. Adjacent to PT Ferro's asphalt and aggregate base business as a key upstream supplier rather than a direct competitor.
• Vulcan Materials Company: NYSE-listed aggregates-heavy construction materials supplier. Adjacent to PT Ferro's mix design and aggregate base business through the shared value chain of aggregates going into asphalt and concrete.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/PTFerro
• LinkedInlinkedin.com/company/pt-ferro-construction-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT Ferro Construction